The re-import of hot rolled bar and rod grooved iron or non-alloy steel in irregular coils to Canada is projected to decline gradually, with a noticeable reduction from 2024's $169.1k to $158.14k by 2028. This depicts a consistent downtrend over the forecasted years. Assuming a stable import value in 2023, the forecast reveals a CAGR of approximately -1.65%, indicating the decline pace in value over five years.
Future trends to monitor include:
- Global pricing dynamics for raw materials, which may affect import costs.
- Fluctuations in domestic production capacity for related steel products.
- Potential changes in trade policies or tariffs impacting re-imports.
